FWDI logo

FORWARD INDUSTRIES INC

FWDINASDAQ
πŸ† #2844 by market capEarnings Dec 11US Equity
$8.01β–Ό $0.04 (βˆ’0.50%)
πŸŒ™ After hours$8.08β–² 0.87%Regular close Β· extended-hours price shown
πŸ””
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24hβ–Ό 0.5%
7dβ–Ό 0.6%
14dβ–² 33.3%
30dβ–² 26.5%
ytdβ–² 21.4%
1yβ–Ό 68.4%
🏦Market Cap
$591M
Small Cap
πŸ“ˆRevenue Growth (YoY)
-39.8%
Declining
πŸ“ŠGross Margin
70.6%
High
πŸ’΅FCF Margin
-34.6%
Thin
βš–οΈP/S Ratio
11.2x
Elevated
Otter Score
48
Weak

Trading Snapshot

Day Range
$7.90 – $8.15
52-Week Range
$3.48 – $30.32
Volume
$2.84B
Avg Volume
$2.77B
Shares Outstanding
73.8M
Next Earnings
Nov 6, 2026

Fundamentals Snapshot

Annual Revenue
$18M
Last Q Revenue
$11M
P/E Ratio
-0.7
P/S Ratio
11.2x
EPS (TTM)
$-12.71
Dividend Yield
0.00%
Dilution (1yr)
+800.0%

Why Investors Own FWDI

  • βœ“High-growth profile β€” revenue up +40.6% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 37% gross margin and 7% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

FWDI logo

FORWARD INDUSTRIES INC

FWDI
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$18Mβ–Ό βˆ’39.8% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
28.5%β–² +38.8% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
βˆ’$6Mβ–² +229.4% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
βˆ’$5Mβ–Ό βˆ’1096.0% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
99.1Mβ–² +800.0% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
$19Mβ–² +$20M YoY
StockOtter Β· stockotter.space

About FORWARD INDUSTRIES INC

Forward Industries, Inc., together with its subsidiaries, provides hardware and software product design and engineering services primarily in the United States. The company operates through Design and Digital Assets segments. It offers design, engineering, and development services for consumer and industrial electronics products, such as medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables, and vehicle controls. The company also provides electrical, mechanical, software, and optical engineering services; industrial design and user experience/user interface design and development; and program management, IoT system architecture, and IT support services. Forward Industries, Inc. was incorporated in 1961 and is based in Hauppauge, New York.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Weak
48/100

Analyst Ratings

β“˜
Consensus
Buy
9 analysts
Strong Buy2
Buy6
Hold1
Sell0
Strong Sell0
Ratings as of Sep 2026

Latest News & Updates

GlobeNewsWireΒ·5d ago

Forward Industries Completes $25 Million Registered Direct Offering with an Institutional Investor

Proceeds to Expand SOL Holdings and Accelerate SOL Per Share Growth AUSTIN, TX, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the β€œCompany” or β€œForward”), the leading Solana treasury company

Proactive InvestorsΒ·6d ago

Forward Industries shares fall after $25 million share offering

Shares of Forward IndustriesΒ (NASDAQ: FWDI),Β the Solana-focused digital asset treasury company,Β areΒ trading more than 4% lower at $8.21 in mid-morning trading on Wednesday after theΒ company announced a $25 million regist

GlobeNewsWireΒ·6d ago

UPDATE: Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor

Company Intends to Use Proceeds to Acquire SOL AUSTIN, TX, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company, today announced tha

GlobeNewsWireΒ·6d ago

Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor

Company Intends to Use Proceeds to Acquire SOL AUSTIN, TX, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company, today announced tha

GlobeNewsWireΒ·8d ago

Forward Industries' SOL Holdings Rise to Approximately 8.16 Million SOL

AUSTIN, TX, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the β€œCompany” or β€œForward”), the leading Solana treasury company, today provided an update on its SOL treasury holdings.

Defense WorldΒ·9d ago

Critical Survey: Onity Group (NYSE:ONIT) & Forward Industries (NASDAQ:FWDI)

Onity Group (NYSE: ONIT - Get Free Report) and Forward Industries (NASDAQ: FWDI - Get Free Report) are both small-cap finance companies, but which is the better business? We will contrast the two businesses based on the